Battle Between Ripple and Stellar, a Clear Winner May Be Emerging, Expert Says

Stellar (XLM) and Ripple’s XRP are two competing cryptocurrencies that both provide real-time payment settlement platforms and aim to establish a global blockchain payments network for the world’s financial institutions to run on.

While these two cryptos are very similar, there are some key differences in their protocol structure.

Voicing an opinion on this matter is blockchain industry insider, Emin Gün Sirer questioned Stellar’s level of decentralization and suggested Ripple may be a clear winner in light of XLM’s recent shutdown:

Note that, while Ripple and Stellar have some protocol similarities, they differ in their network structure. In the battle between Ripple and Stellar, a clear winner may be emerging.

Moreover, according to Stellar CTO Nicolas Barry who spoke with crypto news outlet The Block, the Stellar network shut down because it’s being too decentralized too fast, and the system did the right thing by halting the network.

However, many people including the industry expert above will argue that this shutdown represents major flaws to Stellar’s protocol and puts Ripple’s XRP as the front running payment network protocol.

Which cryptocurrency do you think is better, XLM or XRP? Let us know what you think in the comment section below.

About Jeremy Wall

Jeremy is a financial writer and aspiring investor. He is also a cryptocurrency enthusiast that’s fascinated with blockchain technology and the financial markets. When he’s not researching and learning about cryptocurrency, he’s traveling the world with his dog and girlfriend.

5 Comments

Ed Baton

Jab McCaleb, designed XRP & Mt. Gox for Bitcoin. I believe he understands what it takes to make the Stellar Network a better more stable network with far-reaching advantages over Ripple XRP. I don’t believe XRP will ever match the Stellar Network in the number of transaction per second it takes to be a global system for the unbank/underbanked population around the world. It’s a matter of time for banks (visa & master card), corporations, and governments to realize the power, speed and stability that Stellar offers.